The unicorn model is one of the patterns that promise the best performance among all the many patterns used in Smart Money Concepts by ICT.
Recently Luxalgo released a new indicator that makes really easy to find unicorn model patterns in any symbol chart on TradingView but the problem is that it doesn’t offer backtesting or alerts to be able to automate it.
In this video we take the original code from Luxalgo and we turn it into a strategy that can:
- Backtest any asset on any timeframe
- Automate a trading bot using a trading platform called WickHunter
- Advanced risk management including risk reward ratio, fixed account size exposure, compounding, etc
The code changes are offered to all members but if the channel gets to 30,300 followers and the video gets 100 comments, all code and extra details needed to fully backtest and automate the strategy will be offered for FREE.
Get 30% off LuxAlgo premium indicators.
Trade using WickHunter bots for FREE, no subscription required. Instructions.
Unicorn model backtester and trading bot Pine script
Download the file and add it to a tradingview chart.
Find the original LuxAlgo Unicorn model.
WickHunter payload
The Payload below uses placeholders for:
- UUID – wickhunter bot id
- SIDE – long or short
- PERCENTAGE – size of the position in percentage to allow for compounding
- SL – stop loss price
- TP – take profit price
Backtests from video
In the video we show the performance on 2 assets using the 1 hour time frame.
